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NEMC Funds 19 Semiconductor Startups

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The funding supports critical needs like software, training, and IP protection, boosting the U.S. microelectronics ecosystem and global competitiveness.

The Northeast Microelectronics Coalition (NEMC) Hub has awarded $1.43 million to 19 early-stage semiconductor companies through its PROPEL Operations Program, an initiative designed to accelerate commercialization of advanced microelectronics, including AI, quantum, and radar technologies.

NEMC Funds 19 Semiconductor Startups

The funding, part of NEMC’s broader mission to strengthen domestic microelectronics manufacturing, supports operational costs like software, training, patents, and cybersecurity. This effort aims to help startups overcome the “valley of death”—a common hurdle in product development—and bring innovative technologies to market faster.

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“The PROPEL Program is a strategic tool to lower barriers for startups advancing next-generation technologies,” said NEMC Hub Director Mark Halfman. “This latest group of awardees highlights the Northeast’s deep bench of innovation in emerging sectors.” The 19 awardees span Massachusetts, New York, Georgia, and Colorado and represent a range of specialties—from photonic biosensors and terahertz communications to quantum networks and AI processors. Recipients include Cambridge Terahertz, Analog Photonics, Ayo Electronics, and Plaid Semiconductors.

Massachusetts Interim Economic Development Secretary Ashley Stolba praised the NEMC’s role in supporting the state’s innovation economy: “Lowering operational costs helps companies scale and compete globally, enhancing the region’s leadership in microelectronics.” The PROPEL Operations Program builds on the success of NEMC’s PROPEL Manufacturing Program and aligns with national goals of reshoring chip manufacturing and boosting U.S. semiconductor competitiveness. NEMC, backed by more than 250 members, is part of the federal CHIPS and Science Act-driven initiative to develop regional tech hubs.

Each company received between $18,000 and $100,000. Projects include cutting-edge applications such as atomic-scale quantum sensors, 3D nanofabrication, electrostatic actuators, and silicon-based X-ray sources.

The awardees reflect a growing network of U.S. innovators working to transform high-tech sectors from data centers to defense. With continued investment, the region looks to become a critical node in the future of advanced semiconductor development.

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